Colorado-Real-Estate-Journal_433492

December 4-17, 2024 - Page 11 www.crej.com Industrial Land by Avalon Jacka FORT LUPTON – A Scottsdale, Arizona-based real estate com- pany acquired 317 acres of land within an industrial park east of U.S. Highway 85 for an undis- closed price. KCP Northland I LLC and KCP Northland II LLC purchased two parcels in Northland Business Park, positioned on Northland Drive. The properties are bound- ed by Weld County Road 16 to the south and Weld County 18 to the north. The buying entities are associated with Kent Circle Part- ners. Henry Group Real Estate’s Patrick Henry, Boston Weir and Daniel Allen represented the buyer. TomMyers and Jake Cook of Ringsby Realty Corp . repre- sented the sellers, A.L.E. Partner- ship and Land 5 Investments LLC. “This acquisition represents a strategic investment in the contin- ued growth and economic devel- opment of the Fort Lupton com- munity,” said Weir. “Northland Business Park’s prime location, flexible zoning and infrastructure- ready status make it an attractive option for businesses looking to establish or expand their opera- tions in Colorado.” KCP Northland I LLC pur- chased the property that includes 103 acres of shovel-ready land across 15 separate parcels zoned for a variety of commercial, indus- trial and outdoor storage uses, including C-1, C-2, I-1 and I-2. All the necessary infrastructure is already in place for the lots, which will be immediately marketed for sale. Henry’s Group Henry, Weir and Allen will be managing the sales. KCP Northland II LLC pur- chased the remaining 214 acres, which it intends to entitle and sub- divide to create more parcels for future industrial and commercial development. These additional parcels will be held for develop- ment. Kent Circle Partners and Henry Group will explore entitle- ment options to ensure the busi- ness park is “well-positioned” to attract local and national users, Allen said. “Kent Circle Partners was drawn to Northland Business Park due to its prime location in Fort Lupton, Colo.,” Allen said. “The land’s zoning and proxim- ity to major highways make it ideal for industrial and commer- cial development, offering signifi- cant potential for future growth. Additionally, Fort Lupton’s stra- tegic position within the Denver metro area, along with its expand- ing infrastructure and supportive business climate,made it an attrac- tive investment opportunity for Kent Circle Partners.” Allen highlighted the land’s potential for small- and large-scale development in a “rapidly grow- ing area,” noting the business park has been platted into lots ranging from 4 to 157 acres, making it “appealing to businesses of all dif- ferent sizes.” “The transaction also reflects a strong commitment to investing in infrastructure and promoting regional economic growth,” Allen added. Kent CirclePartners is theparent company of North Parker Invest- ments LLC, the owner of mixed- use master planned communities Anthology North and Tanterra in Parker. The firm acquires strate- gically located, high-quality real estate assets producing long-term competitive advantages, accord- ing to its website. Other News n ELIZABETH – An assem- blage of two land parcels totaling 60 acres sold for $1.8 million in November. Joe and Patricia Harris sold the assemblage, comprised of a 5-acre parcel at 6211 state Highway 86 and a 54.54-acre parcel at 6213 state Highway 86, to an undis- closed buyer. The plans for the parcels were not disclosed. The properties are approximately 2.7 miles east of the town of Elizabeth. Heath Honbarrier and Mitch Trevey of Trevey Commercial Real Estate represented the sell- er. K.C. Sailsbery of Platte River Realty LLC represented the buyer. Northern Colorado Title Services Co. helped to expedite and exe- cute the closing. s Kent Center buys 316 acres in Northland Business Park Entities affiliated with Kent Circle Partners acquired a total of 317 acres zoned for industrial and commercial uses within Northland Business Park. Development Group special- izes in flex warehouse spaces, self-storage properties and other commercial develop- ments. In more than 20 years of operation, the firm has nearly 7 million sf across more than 80 properties and proj- ects in 16 states. Other News n AURORA – An I-1-zoned industrial outdoor storage property off East Centretech Parkway traded hands in October. Hampton Yards acquired the 11.46-acre property, located at 16451 E. Second Ave. from Ad Cirrus LLC for $6 million, according to SKLD Informa- tion Services. The property is strategically located near Interstates 70 and 225, provid- ing access to major transpor- tation routes in the Denver metro area, Hampton Yards’ website said. Pinnacle Real Estate Advi- sors LLC facilitated the trans- action, with Kristjan Danis and Paul Schneider representing the buyer and Thomas Graeve representing the seller. The owner of Ad Cirrus operated Alpine RV Storage, a locally owned recreational vehicle and boat storage yard, for three decades. Hampton Yards plans to build on the site’s legacy and leverage its expertise in the IOS space to optimize the site’s potential, a statement from Hampton Yards said. The purchase marks Hamp- ton Yards’ eighth IOS prop- erty acquisition in Colorado and 14th nationally since 2020. The firm also owns several commercial retail properties and one multifamily property, its website said. n DENVER – An industri- al building northeast of the Interstate 70-Havana Street interchange sold for $4.5 mil- lion. GS Ironton LLC disposed of the 37,636-square-foot prop- erty at 4600 Ironton St. to Aspen Ironton LLC in Novem- ber. Malman Commercial Real Estate brokered the transac- tion, with Jake Malman and Dan Prevedel representing the seller and Taylor Roy representing the buyer. The proper- ty’s proximity to Interstates 70, 225 and 270 offers easy access to the greater Denver metro area. The property was built in 1976 and renovated in 1999, accord- ing to a LoopNet listing. In summer 2023, the seller leased approximately 40% of the property to The Sloth LLC, a cannabis cultivation com- pany, according to previous reporting. n COLORADO SPRINGS – A 16,969-sf industrial and retail asset in northeast Colo- rado Springs sold for $2.38 million in November. PLD LH LLC acquired the properties, situated on 2.76 acres at 405 W. Fillmore St. and 418-512 Fillmore Place, from Fillmore & Fillmore Place Property LLC. Taylor Stamp of Quantum Commercial Group Inc . represented the seller, and Cole Underwood of Re/Max Advantage Realty represented the buyer. The sale included four vacant buildings with six addresses and five individ- ual parcels, Stamp said. The properties comprise 9,905 sf of warehouse space, 5,130 sf of retail space and a 1,934-sf residence. The buildings were constructed between 1935 and 1977. The property was near- ly turnkey for an autobody/ repair shop and automotive sales facility, Stamp said. n DENVER – An owner- user purchased a vacant industrial/flex building near the Santa Fe Arts District in November. MTK Properties Inc. acquired the 7,000-sf building at 845 Navajo St. from KT Invest- ments LLC for $1.2 million, or $171 per sf. The buyer, which provides T-shirts and mer- chandise for electronic dance music groups, will operate its distribution company out of the space. Maytal Hess of Colorado Realty Net- work Inc. rep- resented the buyer, and Chris Wiedenmayer with CW Real Estate Partners represent- ed the seller. Built in 1965, the property includes 4,000 sf of warehouse space and 3,000 sf of office space, and features three dock-high doors, three-phase electric, floor drains, heaters and exhaust fans, according to a LoopNet listing. n LAKEWOOD – A restora- tion company leased a flex/ warehouse space within a business park in the Green Mountain neighborhood. Rethink Restoration Partners LLC leased 2,500 sf in Cedar Drive Business Park, located at 12860 W. Cedar Ave., from Cedar Business Center LLC. Malman Commercial Real Estate’s Dan Prevedel repre- sented the tenant in the trans- action. Drew Williams with NorthPeak Commercial Advi- sors represented the landlord. Based in Colorado, Rethink Restoration Partners offers multiple restoration services, including roofing, water dam- age, smoke and fire damage, mold damage and biohazard problems. s Uplift Continued from Page 11 Jake Malman Dan Prevedel Taylor Roy Chris Wiedenmayer